Gross Domestic Product Per Capita for Argentina
PCAGDPARA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,858.20
Year-over-Year Change
7.02%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) Per Capita for Argentina measures the total economic output of the country divided by its population. It is a key indicator of a country's economic health and living standards.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita provides insight into Argentina's economic productivity and development. It is widely used by economists, policymakers, and investors to assess the country's economic performance and potential.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
GDP per capita is an important metric for evaluating Argentina's economic progress and informing policy decisions.
Key Facts
- Argentina's GDP per capita was $9,770 in 2021.
- GDP per capita has grown by an average of 2.3% annually over the past decade.
- Argentina's GDP per capita is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) Per Capita for Argentina measures the total economic output of the country divided by its population. It provides insight into the country's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's economic health and development. It is widely used by economists, policymakers, and investors to assess Argentina's economic performance and potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: GDP per capita is an important metric for evaluating Argentina's economic progress and informing policy decisions that aim to promote economic growth and improve living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, typically 1-2 years. There may be limitations in accurately capturing the informal economy or adjusting for cost-of-living differences within Argentina.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Argentina (PCAGDPARA646NWDB), retrieved from FRED.